ONE of the financial incentives for businesses with a permit to operate within a special economic zone is non-payment of corporate tax for 15 years, according to the Special Economic Zone Authority (SEZA). Board Director Vera Raga when giving a presentation during the Port Moresby Chamber of Commerce and Industry (POMCCI) breakfast yesterday highlighted that … Read more
If you are a small employer, there is a tax credit that can put money in your pocket.The small business health care tax credit benefits employers that: Have fewer than 25 full-time equivalent employees Pay average wages of less than $50,000 a year per full-time equivalent (indexed annually for inflation beginning in 2014) For tax … Read more
Sherry Robinson | All She WroteLet’s start with the good news: New Mexico is number one on an important ranking. We have the nation’s lowest property taxes, and they’ve been the lowest for a long time.The reason goes back in history to the 1800s, when New Mexicans lost land to tax sales because they didn’t … Read more
Invest Cyprus recently spotlighted Cyprus’ potential as a major business hub at the prestigious Island Conference and Reflect Festival held in Limassol, both of which took place on May 30-31, with the agency outlining its actions in an announcement released this week. Reflect Festival attracted a vibrant mix of digital marketers, startup enthusiasts, potential investors, … Read more
Fact: Aristotle observed “There is nothing more unequal than the equal treatment of unequal things.”
– Fires broke out in Limassol’s Ayios Sylas and Ayios Therapondas were confirmed to be arson attacks by fire services chief Nikos Longinos.
– Two small businesses were burned to the ground in the area.
– The goal of the fire services was to protect homes and save lives.
– Three aircraft, including two helicopters from Jordan, were called in to help fight the fires.
– 10 fire trucks from Larnaca, Paphos, and Nicosia were on the scene.
– A bicommunal photovoltaic power plant would increase cooperation in the energy field and build trust.
– The European Commission is ready to help find solutions if there are diverging views and concerns.
– The aid programme supported by the EU paves the way for reunification.
– The Commission would need to undertake a comprehensive assessment of alignment with EU standards.
– The Green Line trade has almost quadrupled in 20 years, reaching over €16 million in 2023.
– The biggest challenge faced by Mario Nava in Cyprus is often to start dialogue on various matters.
Eurofast is a regional business advisory organization with local advisers in over 21 cities in South East Europe, Middle East & the Baltics. They serve as a one-stop shop for investors and companies seeking professional services.
Fact: The Bulgarian Corporate Income Tax Act has been amended to introduce an additional tax for multinational and large national enterprise groups, effective from January 1, 2024.
– British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather.
– The Confederation of British Industry’s monthly retail sales balance recovered to +8 this month after tumbling to -44 in April.
– More retailers felt sales were normal for the time of year than at any other time in the past eight months.
– The CBI’s measure of selling price inflation was its slowest since August 2020 and was below its long-run average.
– The British Retail Consortium said its measure of shop prices showed the weakest increase in two-and-a-half years this month.
– Falling inflation and continuing real wage growth will contribute to a healthier consumer outlook, supporting the retail sector further.
